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Apr 9, 2024
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it will go abroad, according to janet yellen. so she made that warning about flooding the market with cheaper subsidized goods under xi jinping's industrial mandate. but again, what is beijing going to do when consumer confidence and consumer spending and the domestic economy is sputtering? again, there will be a lot of debate on this going forward as it is an election year here in the u.s. and donald trump threatening further tariffs on chinese goods if he were to come back to the white house. you asked about the chinese response. in a commentary friday, they blasted yellen's xenophobic narrative of china's excess capacity. they said it smacks of creating a pretext of rolling out more protectionist policies to shield u.s. companies. he also heard from the vice finance minister who pushed back saying the current production capacity is far from meeting market demand. he was talking about green tech energy products like batteries and ev's, which i believe peter elstrom is here to talk about after me. paul: he is and we will get to
it will go abroad, according to janet yellen. so she made that warning about flooding the market with cheaper subsidized goods under xi jinping's industrial mandate. but again, what is beijing going to do when consumer confidence and consumer spending and the domestic economy is sputtering? again, there will be a lot of debate on this going forward as it is an election year here in the u.s. and donald trump threatening further tariffs on chinese goods if he were to come back to the white house....
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Apr 7, 2024
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they seem to like janet yellen. she is viewed as a scholar to them and seems to be warmly received everywhere she goes, even in the private meetings. official said there were no points where arguments got heated. we sometimes see that and we had commentary from the state agency that had a more caustically worded tone. that's a side channel, but directly with janet yellen they used kid gloves and continued the ceremonial parts of the visit. janet yellen was given a special tour of the forbidden city in beijing, which is very rare, especial thing given to some vips that are visiting. so they're trying to keep the tone very positive despite the u.s. criticism. paul: you talk away janet yellen has been received in china. she has spent a lot of time building ties, but could this be her last visit? chris: it would be surprising if she came back again as treasury secretary. this term for the biden administration will end in january and she is unlikely to carry on as secretary, but that does not mean talks will stop. she wi
they seem to like janet yellen. she is viewed as a scholar to them and seems to be warmly received everywhere she goes, even in the private meetings. official said there were no points where arguments got heated. we sometimes see that and we had commentary from the state agency that had a more caustically worded tone. that's a side channel, but directly with janet yellen they used kid gloves and continued the ceremonial parts of the visit. janet yellen was given a special tour of the forbidden...
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Apr 5, 2024
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treasury secretary janet yellen. she is trying to strengthen ties between the two countries, it is a crucial moment. this is one of the last few opportunities to strengthen those ties before the u.s. election, which is becoming a battle to who can be tougher on china, but janet yellen chiding the chinese government for which he called the unfair treatment of american and other foreign companies, also called in on beijing to return to the premarket reforms of the past saying chinese capacity is more than the global economy can bear. overcapacity for china becoming problematic now. we will keep across the rest of her four day visit to the country. europe has swapped russian lng for supply from the u.s. we will bring you a deep dive in europe's natural gas outlook and what it means for the energy transition. this is bloomberg. ♪ lizzy: time for our weekly deep dive into the green energy transition, europe is made it through winter with record gas storage levels and reduce reliance on russian gas committed instead to u
treasury secretary janet yellen. she is trying to strengthen ties between the two countries, it is a crucial moment. this is one of the last few opportunities to strengthen those ties before the u.s. election, which is becoming a battle to who can be tougher on china, but janet yellen chiding the chinese government for which he called the unfair treatment of american and other foreign companies, also called in on beijing to return to the premarket reforms of the past saying chinese capacity is...
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Apr 5, 2024
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he says yellen�*s visit is more about form than it is content. the message for her will be to encourage the us government to continue to communicate with the chinese officials. you know for a couple of years there was bad communication, so good communication with chinese officials, and to make sure that the us government understands that having us business in china, active in china, competing in china, is good for the companies and is good for the companies and is good for the united states. the treasury secretary is also wanting to push back on china about overproduction whilst also advocating for favourable conditions for us businesses in china. do you think she's going to be able to achieve that? ho. to be able to achieve that? no, in a word- _ to be able to achieve that? no, in a word. not _ to be able to achieve that? no, in a word. not today, _ to be able to achieve that? iifr, in a word. not today, but i think we need to keep that message coming. you know, if you drop a talking point the chinese will feel, 0k, well, it is sold. so market a
he says yellen�*s visit is more about form than it is content. the message for her will be to encourage the us government to continue to communicate with the chinese officials. you know for a couple of years there was bad communication, so good communication with chinese officials, and to make sure that the us government understands that having us business in china, active in china, competing in china, is good for the companies and is good for the companies and is good for the united states....
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Apr 8, 2024
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what have we heard from yellen? we know this is a charm offensive. she wants to boost relations and also curb exports from china. >> haslinda, this is her second visit in the last nine months to china. janet yellen has a reputational being not so hawkish on china in the biden administration compared to other members of the u.s. administration. if there is anybody who can deliver a message to the chinese and get some sort of good response, it should be janet yellen. she has been there since friday. we just saw a meeting with premier li qiang. that was at the great hall of the people yesterday. that was actually not on the original schedule. still today, she's meeting with the pboc governor. she's also going to be meeting with the former vice premier, who was also the former economic czar, still very influential. a key part of her message has been the threat china poses to other economies. as the chinese economy has slowed because of the real estate crisis and the chinese government has responded by boosting investment in manufacturing. janet yellen's
what have we heard from yellen? we know this is a charm offensive. she wants to boost relations and also curb exports from china. >> haslinda, this is her second visit in the last nine months to china. janet yellen has a reputational being not so hawkish on china in the biden administration compared to other members of the u.s. administration. if there is anybody who can deliver a message to the chinese and get some sort of good response, it should be janet yellen. she has been there...
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Apr 8, 2024
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we think you for that update on yellen's visit. let's get to the middle east now where israel is pulling some troops out of southern gaza as hamas passes the six month mark. chris coons says the move is likely a tactical decision case hezbollah or iran attack. we can bring in roslyn matheson for analysis. what is behind this move and does it affect potential fights there? quick they have been fighting in gaza for the better part of six months. there is probably some truth in that. there is also the reality they like to reinforce their trips in the north of israel. that is where he has blessed hands attack from lebanon. all of this in the aftermath of their airstrike on the every need to plan a compound in syria. there have been repeated warnings from iran in some sort of allegation. there is a possibility of step activity. they are also pulling that back out because they want to be able to move palestinians in that area. none of this suggests a desire to go in to have that offensive in rafah. this is not a withdrawal, this is purel
we think you for that update on yellen's visit. let's get to the middle east now where israel is pulling some troops out of southern gaza as hamas passes the six month mark. chris coons says the move is likely a tactical decision case hezbollah or iran attack. we can bring in roslyn matheson for analysis. what is behind this move and does it affect potential fights there? quick they have been fighting in gaza for the better part of six months. there is probably some truth in that. there is also...
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Apr 7, 2024
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despite the more optimistic tone, ms yellen also issued a warning during earlier talks, saying there would be consequences for chinese businesses if they support russia's war in ukraine. trade between beijing and moscow more than doubled last year compared to 2020. ms yellen's main aim on herfour day visit is to persuade beijing to rein in excessive production, on goods such as electric cars. china says talk of over—capacity is a pretext for american protectionism. for more on the trip, i spoke to michael sobolik, senior fellow in indo—pacific studies at the american foreign policy council and author of the book countering china's great game. what do you make, first of all, of this warning from janet yellen to china over its businesses supporting russia's war effort? beijing is going to laugh it off, like they've laughed off so many other warnings from the biden administration in the past. the reality is that the united states is in a cold war with china, and america is losing. and one of the biggest reasons the united states is losing is because so many american politicians seem
despite the more optimistic tone, ms yellen also issued a warning during earlier talks, saying there would be consequences for chinese businesses if they support russia's war in ukraine. trade between beijing and moscow more than doubled last year compared to 2020. ms yellen's main aim on herfour day visit is to persuade beijing to rein in excessive production, on goods such as electric cars. china says talk of over—capacity is a pretext for american protectionism. for more on the trip, i...
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Apr 8, 2024
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dr yellen's seeking to navigate these issues and smooth a few feathers in beijing. here's our business reporter david waddell. soon after arriving, secretary yellen addressed us business leaders in guangzhou and promised to address the oversupply of chinese goods in key industries such as electric vehicles and solar panels. on sunday, she met the chinese premier, li qiang, and struck an emollient tone. we've put our bilateral relationship on a more stable footing. this has not meant ignoring our differences or avoiding tough conversations.
dr yellen's seeking to navigate these issues and smooth a few feathers in beijing. here's our business reporter david waddell. soon after arriving, secretary yellen addressed us business leaders in guangzhou and promised to address the oversupply of chinese goods in key industries such as electric vehicles and solar panels. on sunday, she met the chinese premier, li qiang, and struck an emollient tone. we've put our bilateral relationship on a more stable footing. this has not meant ignoring...
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Apr 8, 2024
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. >> we will hear from yellen at 11:00 a.m. cet. >>> and sergio ermotti is looking to create more competitive banks. he said the integration of credit suisse is the case study for the continent. >> we h cannot rely on the cris. there has to be a political desire. >>> tesla shares moving higher in pre-market trade by nearly 4% as elon musk says the robo taxi will be revealed in august shrugging off the report that the ev maker is scrapping the low-cost car plans. >>> europe's largest upgrade tui is looking to move. we will speak to the ceo at 10:45 cet. >>> okay. let's take a look at the european markets for you at the start of the trading week. it is a little bit less positive than it was a half hour ago. you have the ftse 100 dipping into negative territory. the other ones are still holding positive. we have the cac 40 and dax and ftse mib with green on the screen there. this is after the negative day on friday for the european markets. indeed, over the course of the week, the european stoxx 600 broke its ten-week winning stre
. >> we will hear from yellen at 11:00 a.m. cet. >>> and sergio ermotti is looking to create more competitive banks. he said the integration of credit suisse is the case study for the continent. >> we h cannot rely on the cris. there has to be a political desire. >>> tesla shares moving higher in pre-market trade by nearly 4% as elon musk says the robo taxi will be revealed in august shrugging off the report that the ev maker is scrapping the low-cost car plans....
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Apr 5, 2024
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yellen this morning making her way to china. and we will bring you the very latest from the ground from our correspondent. are exclusive interview with the president of global satellite mutations company viasat. we discussed their business strategy for the aipac region and their recent acquisition. but first, are exclusive with the argentinian president as he strikes a more pragmatic tone on china after previously calling the country an assassin. that is next. keep it here with us. this is bloomberg. ♪ do you want to close out? should i? normally i'd hold. but... taking the gains is smart here, right? feel more confident with stock ratings from j.p. morgan analysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. ♪ haslinda: welcome back. argentinian president javier milei is striking a more pragmatic tone when it comes to china. just six months ago, he had threatened to curb ties, calling the asian nation an assassin. javier milei spoke exclusively with bloomberg's editor-
yellen this morning making her way to china. and we will bring you the very latest from the ground from our correspondent. are exclusive interview with the president of global satellite mutations company viasat. we discussed their business strategy for the aipac region and their recent acquisition. but first, are exclusive with the argentinian president as he strikes a more pragmatic tone on china after previously calling the country an assassin. that is next. keep it here with us. this is...
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Apr 7, 2024
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so to secretary yellen's credit, she's trying to get ahead of the curve, but she's going about it all wrong. you don't reason with the chinese communist party and play diplomacy with them, you outcompete them and out—leverage them. here in washington and, i should say, all across the us and among young people, there is a lot of focus on tiktok, the social media app. there is a bill right now that would force its parent company, bytedance, to sell the company or tiktok would be banned nationwide. what do you think the chances are of that bill passing here in the us? so i'm talking with congressional staff and members of congress daily on the subject of this bill, and the sense that i have from capitol hill is that the momentum has slowed since the bill left the house and went to the senate, but there is still quiet progress being made. majority leader chuck schumer mentioned the tiktok bill in a letter he sent to all the senators about the upcoming agenda for the senate in the next session, so i think there's a lot of road ahead. we don't know for sure yet, but i'll put it this way:
so to secretary yellen's credit, she's trying to get ahead of the curve, but she's going about it all wrong. you don't reason with the chinese communist party and play diplomacy with them, you outcompete them and out—leverage them. here in washington and, i should say, all across the us and among young people, there is a lot of focus on tiktok, the social media app. there is a bill right now that would force its parent company, bytedance, to sell the company or tiktok would be banned...
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Apr 3, 2024
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janet yellen are startinr washington. janet yellen are starting a — washington. janet yellen are starting a six-day _ washington. janet yellen are starting a six-day trip - washington. janet yellen are starting a six-day trip and i washington. janet yellen are starting a six-day trip and is| starting a six—day trip and is expected to press china on overcapacity and green technologies and what the us calls unfair trade practices. how tough do you think the talks will be? i how tough do you think the talks will be?— talks will be? i think there will be a — talks will be? i think there will be a number- talks will be? i think there will be a number of i talks will be? i think there will be a number of areas | talks will be? i think there i will be a number of areas where it will be pretty tricky for both sides. janet yellen has a ready made clear she wants to talk about the overproduction, particularly in ev and solar panels. china will disagree and they will want to strongly disagree because this is a country whose economy is in a bit of economy. yes, they sa
janet yellen are startinr washington. janet yellen are starting a — washington. janet yellen are starting a six-day _ washington. janet yellen are starting a six-day trip - washington. janet yellen are starting a six-day trip and i washington. janet yellen are starting a six-day trip and is| starting a six—day trip and is expected to press china on overcapacity and green technologies and what the us calls unfair trade practices. how tough do you think the talks will be? i how tough do you...
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Apr 9, 2024
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caller: it is interesting from secretary janet yellen. the comment that she made, i think china is poised to try to take over our universe. it is a reflection we should all ponder. it is very important that we unify. divided, we will fall. host: what attitude should we take toward china generally? caller: china has been aggressive in all kinds of ways. now this so-called capitalist society needs to make sure all americans are included in this capitalist society. that is one of the issues. i will include everybody. host: that was terri in illinois. the hill reporting this morning, marjorie taylor greene keeping a fresh -- he being a fresh set of criticism on speaker johnson, laying out a list of grievances against the louisiana republican and explain her decision to follow a motion to oust him. marjorie taylor greene is threatening to force a vote to remove johnson and late into the speaker for a litany of reasons, arguing that he is not properly serving the gop conference. "i will not tolerate mike johnson serving the democrats and helpin
caller: it is interesting from secretary janet yellen. the comment that she made, i think china is poised to try to take over our universe. it is a reflection we should all ponder. it is very important that we unify. divided, we will fall. host: what attitude should we take toward china generally? caller: china has been aggressive in all kinds of ways. now this so-called capitalist society needs to make sure all americans are included in this capitalist society. that is one of the issues. i...
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Apr 7, 2024
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we have been hearing a lot from janet yellen on this trip about topics such as electric vehicles and solar panels. why do you think she has made those topics such a priority?— topics such a priority? well, i think it's, _ topics such a priority? well, i think it's, first _ topics such a priority? well, i think it's, first off, _ think it's, first off, important to note that even though china is investing a lot of money on green energy, they are also the world's greatest greenhouse gas emitter. so let's keep that in perspective. but i think secretary yellen is focusing on those issues with a lot of intensity because china has invested a lot of resources for its own companies to be the dominant players in the 21st century for solar power and for electric vehicles. and once those technologies get to a critical mass, they are going to change a lot of our daily lives, and china wants its companies to be the ones controlling not only the vehicles and the solar panels that people and companies are buying, but they want to control the whole supply chain. and if america has learned anything
we have been hearing a lot from janet yellen on this trip about topics such as electric vehicles and solar panels. why do you think she has made those topics such a priority?— topics such a priority? well, i think it's, _ topics such a priority? well, i think it's, first _ topics such a priority? well, i think it's, first off, _ think it's, first off, important to note that even though china is investing a lot of money on green energy, they are also the world's greatest greenhouse gas...
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host: that was treasury secretary janet yellen. we will hear from rick from boston, democrats line. good morning. caller: can you hear me?
host: that was treasury secretary janet yellen. we will hear from rick from boston, democrats line. good morning. caller: can you hear me?
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Apr 5, 2024
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yellen hitting on a key number of topics. megan cassella has more on the story. >> dom, yell een wrapped up the first full day of meetings. she exmphasized the concerns an she called overcapacity a familiar issue wihich intensifid and is it impacting new areas and she is concerned about green technology like ev batteries. she heard from several foreign leaders who share the same view. >> i like to underscore that our concern with overcapacity is not anti-china policy. it is significant for us to mitigate the risks from the inevitable global economic dislocation that will result if china doesn't adjust its policies. >> yellen told business leaders she recognizes sometimes the co actions by doing business in the cou country. beyond overcapacity and remarks with the vice premier, yellen said it was crucial for the u.s. and china to communicate on areas of concern. a list that includes national security economic measures. dom, the next stop is beijing for two days of meetings with the vice premier. she will be driving home her tr
yellen hitting on a key number of topics. megan cassella has more on the story. >> dom, yell een wrapped up the first full day of meetings. she exmphasized the concerns an she called overcapacity a familiar issue wihich intensifid and is it impacting new areas and she is concerned about green technology like ev batteries. she heard from several foreign leaders who share the same view. >> i like to underscore that our concern with overcapacity is not anti-china policy. it is...
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Apr 4, 2024
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jon: jennet yellen -- janet yellen landing in china. the five-day trip marking her second trip in nine months. the trade and investment relationship remains under strain, particularly on tech-related issues. the intense geopolitical rivalry and domestic politics limit the room for active cooperation. michael, what is at the top of the agenda for janet yellen on this trip? michael: for the u.s. side it is the issue of excess capacity or really china's aggressive focus on promoting advanced manufacturing. particularly if some of the same sectors that the biden administration is focused on like a liquor vehicles and solar energy. that is the top of the u.s. agenda. it is also a macro issue for global growth and one reason why it is janet yellen delivering the message and not necessarily u.s. trade officials. that is the top of the priority list for the u.s. annmarie: when i was -- lisa: when i was listening, i kept thinking, how big is the distinction between decoupling and enforcing a level playing field? michael: for treasury secretary y
jon: jennet yellen -- janet yellen landing in china. the five-day trip marking her second trip in nine months. the trade and investment relationship remains under strain, particularly on tech-related issues. the intense geopolitical rivalry and domestic politics limit the room for active cooperation. michael, what is at the top of the agenda for janet yellen on this trip? michael: for the u.s. side it is the issue of excess capacity or really china's aggressive focus on promoting advanced...
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yellen spoke about it in georgia last week. it was a statement that preceded the trip. she spoke about it to reporters during the trip. senior treasury officials speaking with reporters. it is clearly the number one issue that the treasury wishes to address with senior chinese officials when she is here in guangzhou and beijing. it is absolutely her top priority. paul: what is a successful visit going to look like? christopher: that will be very difficult to judge, to be honest. they have made it clear they don't expect any deliverables. you will not see any memorandum of understanding. i think the goal is for incremental progress in convincing the chinese government from the treasury side that the overcapacity that they view as fueled by excessive state subsidies is not good for global markets. they are going to get blowback not only from the u.s. but several other countries. and they are getting blowback from other countries already. but it also won't be positive for the chinese economy that is by its own standards struggling at the moment. i don't think we are going
yellen spoke about it in georgia last week. it was a statement that preceded the trip. she spoke about it to reporters during the trip. senior treasury officials speaking with reporters. it is clearly the number one issue that the treasury wishes to address with senior chinese officials when she is here in guangzhou and beijing. it is absolutely her top priority. paul: what is a successful visit going to look like? christopher: that will be very difficult to judge, to be honest. they have made...
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Apr 8, 2024
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paul: let's get to janet yellen's press conference. she was saying the global economy might be adversely impacted by these factory exports from china. what was beijing's response to that? stephen: this is a push by xi jinping with the slowing and sputtering chinese economy. the emphasis on new industrial forces and three, ev's, batteries and solar panels. the concern that janet yellen raised in her trip to beijing was about overcapacity and investment if you want to call it subsidies into these industries and excess capacity has to go somewhere if the domestic economy is not aching up, it goes abroad in the form of cheaper exports for global trade, that is the argument. let me back up. first of all, beijing has been playing nice and listening to complaints across the table from janet yellen and has not according to u.s. officials blasted her across the table as a rebuttal, but we heard from the news agency in a commentary friday, they blasted her narrative of chinese excess capacity and the vice finance minister pushed back saying the
paul: let's get to janet yellen's press conference. she was saying the global economy might be adversely impacted by these factory exports from china. what was beijing's response to that? stephen: this is a push by xi jinping with the slowing and sputtering chinese economy. the emphasis on new industrial forces and three, ev's, batteries and solar panels. the concern that janet yellen raised in her trip to beijing was about overcapacity and investment if you want to call it subsidies into these...
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Apr 7, 2024
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yellen's talking about mutual cooperation. back home joe biden is suddenly raising concerns about unfair tax policies. so what's the the real message in is the real message the message janet yellen is giving china? and then what biden is saying is just for, like, domestic campaign consumption? what's going on? >> it's more related to domestic campaign consumption. i think biden's -- what we hear here in washington, rachel, is biden's campaign people are afraid that he looks really weak on the china issue. not just-upper biden, but also -- hunter biden, but also when janet yellen dose over there. you know, it's going to be a 4 or 5-day trip. they're she's going to visit chinese factories, and heir going to tell her why she can't make concessions on trade and they can't get talks started either. that's what the campaign people are afraid of. but apparently president biden himself gave janet yellen specific instructions that she's to do this trip and emphasize the word stability, say we've restore thed stability, use this phrase
yellen's talking about mutual cooperation. back home joe biden is suddenly raising concerns about unfair tax policies. so what's the the real message in is the real message the message janet yellen is giving china? and then what biden is saying is just for, like, domestic campaign consumption? what's going on? >> it's more related to domestic campaign consumption. i think biden's -- what we hear here in washington, rachel, is biden's campaign people are afraid that he looks really weak on...
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Apr 8, 2024
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her nickname here is yellen nainai. that means yellen grandma. she is really trying to keep the economics here separate over the confrontational national security concerns. >> sara, i'm curious on the ground. she did not want to step into the political realm, but what is your sense of the political realm with the politic during the election year. what do you think? >> increasingly anti-american sentiment. no question about it. that is the sense from talking to folks here. we pick it up on social media. we monitored it throughout her visit here. even on the editorials and the state media and calling the criticism of overcapacity xenophobic. it was more on the politics over the u.s. and china. you know, they did in the conversations bring up the chinese issues and concerns with tiktok and legislation going through congress, andrew. the concern is that on the chinese part that the u.s. is using national security as a way to target chinese business and chinese companies from succeeding in places like the u.s. that is the view here. the u.s. is going
her nickname here is yellen nainai. that means yellen grandma. she is really trying to keep the economics here separate over the confrontational national security concerns. >> sara, i'm curious on the ground. she did not want to step into the political realm, but what is your sense of the political realm with the politic during the election year. what do you think? >> increasingly anti-american sentiment. no question about it. that is the sense from talking to folks here. we pick it...
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the old miss yellen, the kind of miss yellen that china would like in the past was also there. there was an exchange of gifts between miss yellen and chinese officials. it was one hand delivering a hawkish message and on the old hand, being the old miss yellen. annmarie: many are equating that to what we see in the ev space and she says the president and i will not accept this. they have gone out of their way to showcase that tariffs are set to come. do we have any timeline on when we would see these tariffs? enda: i don't think we have an explicit timeline but you are absolutely right. miss yellen was certainly delivering a message to china that they are not happy with their economic growth strategy and all indications are the u.s. will respond. and that she will respond from beijing, even though there was a cordial tone around the meetings. they had back and said miss yellen has delivered a preemptive warning that more tariffs or some kind of export controls are coming down the lines. china is bracing for it. china also seems to be playing nice during this visit. typically, e
the old miss yellen, the kind of miss yellen that china would like in the past was also there. there was an exchange of gifts between miss yellen and chinese officials. it was one hand delivering a hawkish message and on the old hand, being the old miss yellen. annmarie: many are equating that to what we see in the ev space and she says the president and i will not accept this. they have gone out of their way to showcase that tariffs are set to come. do we have any timeline on when we would see...
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Apr 3, 2024
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now we look forward to janet yellen coming in a few days. overall both sides have a cordial discussion. lizzy: how does this set the stage for janet yellen's visit in the coming days, and then antony blinken in the coming weeks? james: i think both sides, janet yellen had an interview with the world street -- the wall street journal where she gave a speech laying out things she would speak to with the chinese, specifically on questions of capacity which the u.s. is talking more and more about, whether she will go into the details is remained to be seen that the u.s. government is concerned about what they see as a flight of exports going overseas. there were discussions on a number of other issues, fentanyl is a big one. we will see if janet yellen speaks to that but when the working group on fentanyl met earlier this year, there were people from the treasury and the bank of china who were part of that to talk about how to stop currency flows into the drug trade. there are a lot of different things they have to work on. we are hitting the im
now we look forward to janet yellen coming in a few days. overall both sides have a cordial discussion. lizzy: how does this set the stage for janet yellen's visit in the coming days, and then antony blinken in the coming weeks? james: i think both sides, janet yellen had an interview with the world street -- the wall street journal where she gave a speech laying out things she would speak to with the chinese, specifically on questions of capacity which the u.s. is talking more and more about,...
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Apr 8, 2024
04/24
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dr yellen�*s seeking to navigate these issues and smooth a few feathers in beijing. here's our business reporter david waddell. soon after arriving, secretary yellen addressed us business leaders in guangzhou and promised to address the oversupply of chinese goods in key industries such as electric vehicles and solar panels. on sunday, she met the chinese premier, li qiang, and struck an emollient tone. we've put our bilateral relationship on a more stable footing. this has not meant ignoring our differences or avoiding tough conversations. it has meant understanding that we can only make progress
dr yellen�*s seeking to navigate these issues and smooth a few feathers in beijing. here's our business reporter david waddell. soon after arriving, secretary yellen addressed us business leaders in guangzhou and promised to address the oversupply of chinese goods in key industries such as electric vehicles and solar panels. on sunday, she met the chinese premier, li qiang, and struck an emollient tone. we've put our bilateral relationship on a more stable footing. this has not meant ignoring...
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Apr 4, 2024
04/24
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janet yellen goes to beijing. the u.s. treasury secretary warns against decoupling from china, but says trade must be on a level playing field. good morning, welcome to thursday. jay powell sticking to the script yesterday, wait and see mode is still where the fed is at, and that gave relief to stocks and bonds yesterday. futures pointing to an even higher opening this morning on both sides of the atlantic. if we flip over to the cross as a picture, ultimately, the fed chair's comments didn't really move the dial when it comes to where the markets are in terms of bets for when the fed cuts are coming. you had treasuries ending broadly higher yesterday, but now steady. and now all eyes turn to the jobs report tomorrow. remember, powell said last month that unexpected weakening in the labor market could warrant a policy response from the fed. you have got the dollar a touch weaker, its close relationship with the fed bets seems to have evaporated, but gold very much listening to powell. the yellow metal settling above $2300
janet yellen goes to beijing. the u.s. treasury secretary warns against decoupling from china, but says trade must be on a level playing field. good morning, welcome to thursday. jay powell sticking to the script yesterday, wait and see mode is still where the fed is at, and that gave relief to stocks and bonds yesterday. futures pointing to an even higher opening this morning on both sides of the atlantic. if we flip over to the cross as a picture, ultimately, the fed chair's comments didn't...
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Apr 2, 2024
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even janet yellen with a tough message i assume will be welcomed in china. paul: bloomberg political news director jodi schneider in washington, d.c. other geopolitical stories -- the white house calling for accountability after is really airstrikes in gaza killed 78 workers. among the dead are british, polish, australian and other volunteers. netanyahu admitted what he called an unintended strike on innocent people. they have called on several charities to suspend food deliveries to palestinians who the u.n. and others say are on the brink of starvation. i ran's supreme leader promised revenge on israel after a deadly strike on its embassy in syria. he said israel will regret its crime. israel has not confirmed it was behind the strike in damascus which tehran said it destroyed its consulate building and killed 13 people including military personnel. nato with funds for ukraine, $100 billion over five years. part of a package leaders would need to sign off on one they gather in washington in july. the proposal could take charge of weapons deliveries to ukra
even janet yellen with a tough message i assume will be welcomed in china. paul: bloomberg political news director jodi schneider in washington, d.c. other geopolitical stories -- the white house calling for accountability after is really airstrikes in gaza killed 78 workers. among the dead are british, polish, australian and other volunteers. netanyahu admitted what he called an unintended strike on innocent people. they have called on several charities to suspend food deliveries to...
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Apr 8, 2024
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translation: i about the outcome of yellen's visit. translation:— about the outcome of yellen's visit. translation: i have read onfine visit. translation: i have read online reports— visit. translation: i have read online reports about _ visit. translation: i have read online reports about your- visit. translation: i have read online reports about your visit i online reports about your visit and from the moment you touched down, chinese citizens have been enthusiastic and continuously commenting. in fact, this reflects their expectations for the outcome of your visit. expectations for the outcome of our visit. ,, , , expectations for the outcome of your visit-— your visit. stephen olsen says the us and — your visit. stephen olsen says the us and china _ your visit. stephen olsen says the us and china will -
translation: i about the outcome of yellen's visit. translation:— about the outcome of yellen's visit. translation: i have read onfine visit. translation: i have read online reports— visit. translation: i have read online reports about _ visit. translation: i have read online reports about your- visit. translation: i have read online reports about your visit i online reports about your visit and from the moment you touched down, chinese citizens have been enthusiastic and continuously...
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Apr 8, 2024
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dr yellen's seeking to navigate these issues and smooth a few feathers in beijing. here's our business reporter david waddell. soon after arriving, secretary yellen addressed business leaders in guangzhou and promised to address the oversupply of chinese goods in key industries such as electric vehicles and solar panels.
dr yellen's seeking to navigate these issues and smooth a few feathers in beijing. here's our business reporter david waddell. soon after arriving, secretary yellen addressed business leaders in guangzhou and promised to address the oversupply of chinese goods in key industries such as electric vehicles and solar panels.
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Apr 30, 2024
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congresswoman, this is a talking point that janet yellen put out in this statement. let's be clear with this budget for 2025. $7.3 trillion budget includes $5.5 trillion in the new tax increases. what do you want to get from janet yellen today in that testimony? >> it's incredible. we're going to be asking her about that today. the worst thing you you can do n the situation we're in is to add taxes and disen sensitiveize work. people need to go to work, we need to pass the provisions that are helping small business that made incredible progress on growth. it's all about growth. we're never going to pay off the debt that has been created under joe biden with all of the give-aways and all that we did during the covid. this is going to be really -- a really interesting meeting with janet yellen and all she's talking about is the same old talking points on raising taxes and giving more give-aways. it's going to be disastrous. but let's hope we can get some kind of movement out of her in the direction of agreement it's the only way out of the mess we're in. maria: we had
congresswoman, this is a talking point that janet yellen put out in this statement. let's be clear with this budget for 2025. $7.3 trillion budget includes $5.5 trillion in the new tax increases. what do you want to get from janet yellen today in that testimony? >> it's incredible. we're going to be asking her about that today. the worst thing you you can do n the situation we're in is to add taxes and disen sensitiveize work. people need to go to work, we need to pass the provisions that...
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Apr 8, 2024
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so the tension is very much remain here and also echoing president biden, of course, secretary yellen also raised the issue of warning china not to provide russia with any material support in their war effort in ukraine but of course, as we speak, the russian foreign minister lavrov has now arrived in beijing to talk with the chinese counterparts and a strengthening. their so called no limit partnership and potentially paving the way for another putin visit so all of this of course, is a reflection of the strategic assessment of both sides about themselves and about the other's intentions. it seems the chinese have made this choice of aligning themselves closely with the russians because of their shared grievances against us. us dominated the order, and their desire of reshaping that. and that is unlikely to change even with these visits and conversations, janet yellen has been emphasizing especially in a us election year rose mery steven jiang in beijing monday, thanks for joining. appreciate your report >> coming up. mexico's presidential candidates, where often the debate ahead of
so the tension is very much remain here and also echoing president biden, of course, secretary yellen also raised the issue of warning china not to provide russia with any material support in their war effort in ukraine but of course, as we speak, the russian foreign minister lavrov has now arrived in beijing to talk with the chinese counterparts and a strengthening. their so called no limit partnership and potentially paving the way for another putin visit so all of this of course, is a...
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Apr 5, 2024
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our colleagues will speak to janet yellen on monday. make shoure you do not miss tha interview at 11:15 cet. >>> samsung expect a tenfold rise in the first quarter profit as prices rebound ahead of the expec expectations. >>> we will see u.s. jobless claims hit a record high of 221,000 and continuing claims fell slightly to 1.79 million. analysts expect job growth to slide to 200,000 from 275,000 in the previous month. i'm pleased to say we have neal wilson with us. i was referencing what markets are expecting in the non-farm payroll today. what do you think it will bring today for investors? >> i think the market is a hope machine. it would love to see the number below 15150. i think it will be within that range. the adp numbers were 185,000. consistent, but higher than last month. i think the important thing is to focus on the wages. right now, wages year over year are 4.1% higher. that was the figure in february. we will see what it is here. i do think that the fed is -- as mohamed el-erian stated in the clip, he said they should be
our colleagues will speak to janet yellen on monday. make shoure you do not miss tha interview at 11:15 cet. >>> samsung expect a tenfold rise in the first quarter profit as prices rebound ahead of the expec expectations. >>> we will see u.s. jobless claims hit a record high of 221,000 and continuing claims fell slightly to 1.79 million. analysts expect job growth to slide to 200,000 from 275,000 in the previous month. i'm pleased to say we have neal wilson with us. i was...
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Apr 8, 2024
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appreciate him >> still to come us treasury secretary janet yellen has her last meetings in china on the final day of her diplomatic trip. we're live in beijing with the very latest >> there's debris in the guy, erez, husbands and wives gone. >> i wish i could've done something differently. you can just make it better for those that follow space shuttle columbia, the final flight, two part finale next sunday at nine on i was scared when i was told age-related macular degeneration could jeopardize my vision. it was hard, but taking present the vision was easy preservation as the exact clinically proven, a red two formula recommended by the ndi. >> i'm taking control like millions of others. >> so would you get to nashville hot tenders and three remainder an orange tenders >> what about you? three classic tenders for big butterfly shred for the current baby. >> i said, always a competition. >> you can't handle the shrimp see about that. >> yeah, we will always dry scope before you run >> hot dog died, god makes sure it's time we listened to science one a day is formulated with key nutr
appreciate him >> still to come us treasury secretary janet yellen has her last meetings in china on the final day of her diplomatic trip. we're live in beijing with the very latest >> there's debris in the guy, erez, husbands and wives gone. >> i wish i could've done something differently. you can just make it better for those that follow space shuttle columbia, the final flight, two part finale next sunday at nine on i was scared when i was told age-related macular...
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Apr 3, 2024
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paul: so we've got janet yellen heading back to china this week. is that going to move the needle on any of the issues? jill: we will see. what janet yellen is really concerned about is industrial overcapacity in china. this idea that by providing subsidies to its companies, the chinese government is contributing to an unfair economic advantage that a lot of chinese companies have the world over. janet yellen has made appearances at companies in the u.s.. a solar panel company in georgia. they had to shut down because of imports from china being so cheap. i bet that's going to be her major point of contention as she heads to china this week. i think that would be interesting. she's obviously made a previous visit to china. i'm not sure how much that will move the needle on those discussions. the fact that it is ramping up as another point of contention that the u.s. has on china. haidi: our news desk editor there. some of the other stories we are tracking when it comes to these major economies. china has dethroned the u.s. to become the top alignme
paul: so we've got janet yellen heading back to china this week. is that going to move the needle on any of the issues? jill: we will see. what janet yellen is really concerned about is industrial overcapacity in china. this idea that by providing subsidies to its companies, the chinese government is contributing to an unfair economic advantage that a lot of chinese companies have the world over. janet yellen has made appearances at companies in the u.s.. a solar panel company in georgia. they...
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Apr 16, 2024
04/24
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janet yellen warning of stronger u.s. sanctions on iran within days. we get more on the developments in the middle east, next. this is bloomberg. ♪ >> i fully expect we will take additional sanctions action against iran in the coming days. we do not preview our sanction tools but in discussions i have had, all options to disrupt terrorist financing of iran continue to be on the table. haidi: treasury secretary yellen on the response to the attack on israel. the white house has fresh sanctions will target israeli's missile and drone program -- iran's missile and drone program. let's bring in kirsten fontenrose, president, red six international. great to have you with us. we were chatting in the commercial break. you are saying the likelihood of a further retaliation is 100%, and it is a matter of when, and what this looks like, and if we hear about it. kirsten: exactly, the israeli government has announced it will retaliate, it is a matter of when. they are holding their discretion about when and where. the prime minister addressed the opposition, and
janet yellen warning of stronger u.s. sanctions on iran within days. we get more on the developments in the middle east, next. this is bloomberg. ♪ >> i fully expect we will take additional sanctions action against iran in the coming days. we do not preview our sanction tools but in discussions i have had, all options to disrupt terrorist financing of iran continue to be on the table. haidi: treasury secretary yellen on the response to the attack on israel. the white house has fresh...
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Apr 4, 2024
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he says yellen�*s visit is more about form than it is content. the message for her will be to encourage the us government to continue to communicate with the chinese officials. you know, for a couple of years there was bad
he says yellen�*s visit is more about form than it is content. the message for her will be to encourage the us government to continue to communicate with the chinese officials. you know, for a couple of years there was bad
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Apr 5, 2024
04/24
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us treasury secretary janet yellen is in china this week for key meetings to improve economic relations between the two superpowers. secretary yellen has rejected calls for the us to move away from china, with relations between washington and beijing showing signs of improving since presidentsjoe biden and xijinping met in san francisco last november. but it hasn't been all smiles and handshakes, secretary yellen chided china for unfair treatment of american and other foreign companies by overproducing goods for the international market. beijing has recently attempted to rapidly boost manufacturing and exports to offset a slump in its economic numbers. let's speak to isabel hilton who is a visiting professor at the lau institute at king's college london so, what you think the us is going to try to get out of this visit? and to try to get out of this visit? and they've been _ to try to get out of this visit? fific they've been pretty much to try to get out of this visit? fific they've been pretty much laid it to try to get out of this visit? e'"ic they've been pretty much laid it out a
us treasury secretary janet yellen is in china this week for key meetings to improve economic relations between the two superpowers. secretary yellen has rejected calls for the us to move away from china, with relations between washington and beijing showing signs of improving since presidentsjoe biden and xijinping met in san francisco last november. but it hasn't been all smiles and handshakes, secretary yellen chided china for unfair treatment of american and other foreign companies by...
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Apr 5, 2024
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he says yellen�*s visit is more about form than it is content. the message for her will be to encourage the us government to continue to communicate with the chinese officials. you know for a couple of years there
he says yellen�*s visit is more about form than it is content. the message for her will be to encourage the us government to continue to communicate with the chinese officials. you know for a couple of years there
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janet yellen is going to go back again. antony blinken is going to go back again. what's happening. >> china is a predator on so many fronts, economic preed r p, certainly military predators and from an economic standpoint as well. when i hear the white house talking, i understand some of the conversation between president xi and president biden was constructive. what they talked about with regard to tiktok i think president biden made clear what he's looking for is not a ban. he's looking for a divestiture. i think that's the path that chuck schumer will have to figure out as he brings the bill to the floor. they're talking about production china is undertaking of green energy products and flooding the market with it. they're taking a champion industry, subsidizing it and flooding the market with it. what i would have loved to hear more about is how president biden is holding china accountable. i wish he would hold them accountable for purchasing energy from russia and iran. maria: why doesn't he hold xi jinping accountable? your point about flooding the market wi
janet yellen is going to go back again. antony blinken is going to go back again. what's happening. >> china is a predator on so many fronts, economic preed r p, certainly military predators and from an economic standpoint as well. when i hear the white house talking, i understand some of the conversation between president xi and president biden was constructive. what they talked about with regard to tiktok i think president biden made clear what he's looking for is not a ban. he's...
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janet yellen focus on chinese overcapacity concerns, she warned the u.s. will not except new industries being decimated by chinese imports. she cleaned the u.s. china relationship is out of war stable footing in your exchange with chinese officials advancing american interest. haven't we've been hearing this for a long time there were not going to accept this or that from the chinese communist party and at the end of the day we accept everything. she did not make any threats of tariffs or any threats of sanctions, the chinese will keep doing what they could do, the chinese comet's party not the people, the ccp, what are your thoughts, here they are in a bar having beers. >> what china does, their overproduction and by state owned enterprises by the way because of the subsidies that they receive that is how they can undercut what is taking place back here with american business and that means jobs for us and the impact on our eco economy. as we know full well, china has destroyed our textile industry, destroyed our furniture industry, was making a move on d
janet yellen focus on chinese overcapacity concerns, she warned the u.s. will not except new industries being decimated by chinese imports. she cleaned the u.s. china relationship is out of war stable footing in your exchange with chinese officials advancing american interest. haven't we've been hearing this for a long time there were not going to accept this or that from the chinese communist party and at the end of the day we accept everything. she did not make any threats of tariffs or any...
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Apr 15, 2024
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last week in china, the us treasury secretary janet yellen voices similar concerns about excess capacity in chinese manufacturing, leading to low export prices. chancellor scholaz is expected to challenge china's president xi tomorrow on his country's support for russia's wartime economy. it's just a few days now until the world's biggest election gets underway. nearly a billion indians are eligble to vote and many of them have been benefitting from the billions of dollars prime minister narendra modi has poured into infrastructre such as electricty grids, roads and metro lines. it's part of the reason he's favourite to win a third term. however critics including the opposition say they've dispropotantely benefited a few big business groups and haven't done enough to tackle inequality. from kolkata our india business correspondent nikhil inamadar sent this report. kolkata, a city of rusty trams... ..and traffic jams. crossing the stretch across the mighty hoohly river usually takes up to 30 minutes. but a shiny new underwater metro line hasjust come into operation, significantly reducing
last week in china, the us treasury secretary janet yellen voices similar concerns about excess capacity in chinese manufacturing, leading to low export prices. chancellor scholaz is expected to challenge china's president xi tomorrow on his country's support for russia's wartime economy. it's just a few days now until the world's biggest election gets underway. nearly a billion indians are eligble to vote and many of them have been benefitting from the billions of dollars prime minister...
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secretary yellen's agenda should be stop dumping goods in europe and the united states. we don't want to buy anymore things made with weaker labor or subsidies, the biden administration has made this worse by their insistence in mandates in and around ev, battery, solar issues without letting the free market work, you are empowering the chinese, policies that are climate-related and web senator haggerty mentions is the reason we band tiktok, it's the gathering of data through the apps in the case of tiktok rather than an electric vehicle and that's the concern because china is using that data to gather the way americans live and work and use that for disinformation anytime in the future or have information and methodologies to disable american systems. microsoft said they discovered mass amounts of a i use for disinformation in taiwan they picked up through the system and this is another example of china trying to gather data on americans. maria: now we have seen what the ccp is trying to do overtaking the united states. president biden fails to get tough with xi xinping
secretary yellen's agenda should be stop dumping goods in europe and the united states. we don't want to buy anymore things made with weaker labor or subsidies, the biden administration has made this worse by their insistence in mandates in and around ev, battery, solar issues without letting the free market work, you are empowering the chinese, policies that are climate-related and web senator haggerty mentions is the reason we band tiktok, it's the gathering of data through the apps in the...
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Apr 14, 2024
04/24
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secretary yellen joins me now. welcome, madam secretary >> let me ask >> you, when you talk to the chinese do you have much leverage? because in a sense you have all the trump tariffs still in place. there are additional ones you have export restrictions, you have the chip ban. would there's already american tariffs on chinese evs, electric vehicles so are you threatening more tariffs when you tell them what we want you to change your behavior or else >> well, look, we're concerned about the possibility of surges in chinese exports to our market in areas where they have a great deal of overcapacity. and so i wouldn't take anything off the table as a potential response. but we really want to responsibly manage this relationship and i think that entails i'm being very clear at the most senior levels with the concerns we have and trying to engage in joint discussion that helps us avoid misunderstanding in the case of overcapacity and certain areas of manufacturing. we agreed to launch an intensive exchange on balanced
secretary yellen joins me now. welcome, madam secretary >> let me ask >> you, when you talk to the chinese do you have much leverage? because in a sense you have all the trump tariffs still in place. there are additional ones you have export restrictions, you have the chip ban. would there's already american tariffs on chinese evs, electric vehicles so are you threatening more tariffs when you tell them what we want you to change your behavior or else >> well, look, we're...
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Apr 13, 2024
04/24
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us finance minister janet yellen after four days of talks in china. bloomberg notes that china has received similar warnings from the us before. however, in their opinion, janet yellen's statement in beijing indicates an extraordinary level of the threat of sanctions. after all, it sounded on the same day when the minister of foreign affairs of russia sergey lavrov arrived for negotiations in beijing. about the situation. around us- china relations in our next story. china is preparing its military potential and will be ready to enter taiwan by 2027. accordingly, the statement was made at the end of march by the head of the us indo-pacific command , john aquilino, bloomberg reported on march 21. all signs point. of president xi jinping at a meeting with the national academy of sciences regarding the readiness to invade taiwan by 2027 . the actions of the hb indicate their ability to meet the chosen sidzen ping deadline unite taiwan with mainland china by force, if directed. china considers taiwan a part of its territory, so in the past few years there
us finance minister janet yellen after four days of talks in china. bloomberg notes that china has received similar warnings from the us before. however, in their opinion, janet yellen's statement in beijing indicates an extraordinary level of the threat of sanctions. after all, it sounded on the same day when the minister of foreign affairs of russia sergey lavrov arrived for negotiations in beijing. about the situation. around us- china relations in our next story. china is preparing its...
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it's bilateral relations with russia, that's off the us treasury secretary john it's yellen who's touring the country. so weston's chinese companies with repercussions for working with mosca. the continue to be concerned about the rules that any firms, including those in the p, r c, are playing and rushes, military procurement. i stress the companies including those in the p, r. c must not provide material support for roaches more and that they will face significant consequences if they do. and i reinforce that, any banks that facilitate significant transactions, the channel military, or do use goods to russia's defense, industrial base, expose themselves to the risk of us sanctions. when relevant countries should not attack the normal relations between china and other countries. older, legitimate, twice an interest between china and other countries, companies in general, take measures to safeguard this. the ju them is interest and invites to, well, i think this whole episode is very, it characteristic, all the communication and diplomatic style that the united states for some reason choo
it's bilateral relations with russia, that's off the us treasury secretary john it's yellen who's touring the country. so weston's chinese companies with repercussions for working with mosca. the continue to be concerned about the rules that any firms, including those in the p, r c, are playing and rushes, military procurement. i stress the companies including those in the p, r. c must not provide material support for roaches more and that they will face significant consequences if they do. and...
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Apr 10, 2024
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secretary yellen was in china last week and thoughts she was trying to express. what is china's economy like? >> it's stumbled. their covid reaction was awful. longer term that one child policy continues to haunt them. they were on the verge of eclipsing us. i think they mismanaged their population. demographics is destiny and so i don't think they will per se. but they have actually in the last year or so started to shift anyway. xi's primary communication with their congress about a year or so was always about the economy. we'll be the world's best. ten areas we'll dominate the world and a timeline. but it went more military. we have to defend ourselves and taiwan became more of an issue. they diverted but yellen's mission was intriguing saying hey, don't overbuilt, slow down on the subsidies and the exports. that's what they've done for a long time. by the way that's what the biden administration is doing. you can't brag about we're going to invest in all of these things but tell china not to do the same thing. >> bill: xi suggestion they would issue sanctions
secretary yellen was in china last week and thoughts she was trying to express. what is china's economy like? >> it's stumbled. their covid reaction was awful. longer term that one child policy continues to haunt them. they were on the verge of eclipsing us. i think they mismanaged their population. demographics is destiny and so i don't think they will per se. but they have actually in the last year or so started to shift anyway. xi's primary communication with their congress about a...
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janet yellen is joe biden's mouthpiece on china. she has a are very friendly relationship with her counterparts there. i think her message just got a lot stronger. she's telling beijing, stop relying on cheap exports to prop up your economy because that overspill is hurting us, our industry and our workers. it's a carrot approach, but she's trying to shift chinese economic policy because they know donald trump is going to try to do this. i don't know if you can shift it, i don't know how you shift it, but -- stuart: true. but the unspoken word there is tariffs. is that our stick that we will hit china with? >> and we're relying on china for clean energy when we have the most oil in the world? it's crazy. she's not doing the right thing. stuart: yeah. i wish we had more time for this. this is very interesting, but e don't. check futures briefly, dow up 200, nasdaq up 170. the opening bell is next. ♪ so am i wrong for thinking that we could be with something for real? ♪ now, am i wrong -- trading at schwab is now powered by amerit
janet yellen is joe biden's mouthpiece on china. she has a are very friendly relationship with her counterparts there. i think her message just got a lot stronger. she's telling beijing, stop relying on cheap exports to prop up your economy because that overspill is hurting us, our industry and our workers. it's a carrot approach, but she's trying to shift chinese economic policy because they know donald trump is going to try to do this. i don't know if you can shift it, i don't know how you...
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Apr 12, 2024
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janet yellen and the ambassador. all of this in the midst of all of the aggression from communist china. you've spoken so much about the ceos of america want to do business in china. your with the new op-ed on foxnews.com it's titled american ceos overlook china risk after a peril. the right american investment will likely continue to play and to china's largest strategic program contributing not only to the erosion of our military advantages but the growing risk of your own companies both in the china market and beyond. what ratcliffe has told me time and time again strategy is simple rob, replicate replace. do the ceos not get that. >> there is a rough revenue in the china market in the wall street journal released an excellent article showing 75 u.s. companies that earn more than $2 billion in the china market which on one hand is not that many companies but for some of the sectors there is a lot going on. the problem equity markets have caught on to the problems of chinese corporations and the next thing is to un
janet yellen and the ambassador. all of this in the midst of all of the aggression from communist china. you've spoken so much about the ceos of america want to do business in china. your with the new op-ed on foxnews.com it's titled american ceos overlook china risk after a peril. the right american investment will likely continue to play and to china's largest strategic program contributing not only to the erosion of our military advantages but the growing risk of your own companies both in...
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Apr 3, 2024
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what has changed in terms of how janet yellen views china? >> the treasury secretary has changed her view on china. it's a hawkish approach to trade with china and this is why there is an expectation that there might be more steps coming in terms of what they can do to tackle oversupply or excess capacity from the chinese side. china is pushing back against this as well. in that readout, the chinese readout made it clear they will not sit by and do nothing while the u.s. continues to put controls on chinese technology companies for example. it's a clear pushback there and they made it clear that putting sanctions on chinese companies is not de-risking but creating new risks. this is not one-sided even though janet yellen will raise these concerns. she has certainly entered the hawkish camp and china's pushing back and will not take this lying down. annmarie: state median china is focused on one line she said in this meeting. he told biden don't flip-flop, don't cross the line. you look at the two readouts from both countries, do they agree on
what has changed in terms of how janet yellen views china? >> the treasury secretary has changed her view on china. it's a hawkish approach to trade with china and this is why there is an expectation that there might be more steps coming in terms of what they can do to tackle oversupply or excess capacity from the chinese side. china is pushing back against this as well. in that readout, the chinese readout made it clear they will not sit by and do nothing while the u.s. continues to put...